StoneX Group (NASDAQ:SNEX) Reaches New 1-Year High – Here’s What Happened

StoneX Group Inc. (NASDAQ:SNEX) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $107.23 and last traded at $107.25, with a volume of 84497 shares changing hands. The stock had previously closed at $105.89.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SNEX shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of StoneX Group in a report on Monday, December 29th. Zacks Research cut shares of StoneX Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

StoneX Group Trading Up 3.5%

The firm has a market capitalization of $5.73 billion, a PE ratio of 18.61 and a beta of 0.46. The company’s 50-day moving average price is $94.60 and its 200-day moving average price is $95.44. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.35 and a current ratio of 1.72.

StoneX Group (NASDAQ:SNEX) last announced its quarterly earnings results on Monday, November 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.01). StoneX Group had a return on equity of 15.27% and a net margin of 0.23%.The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm earned $2.32 earnings per share. On average, sell-side analysts expect that StoneX Group Inc. will post 8.7 earnings per share for the current year.

Insider Buying and Selling at StoneX Group

In related news, Director John Moore Fowler sold 1,125 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $91.20, for a total value of $102,600.00. Following the transaction, the director directly owned 114,769 shares of the company’s stock, valued at $10,466,932.80. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Diego Rotsztain sold 2,477 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $94.91, for a total transaction of $235,092.07. Following the completion of the sale, the insider directly owned 17,527 shares of the company’s stock, valued at approximately $1,663,487.57. This trade represents a 12.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,979 shares of company stock worth $659,070 over the last three months. Insiders own 11.70% of the company’s stock.

Institutional Trading of StoneX Group

A number of hedge funds and other institutional investors have recently made changes to their positions in SNEX. Royal Bank of Canada grew its position in StoneX Group by 129.0% during the 1st quarter. Royal Bank of Canada now owns 77,545 shares of the company’s stock worth $5,923,000 after purchasing an additional 43,678 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of StoneX Group during the first quarter worth about $449,000. Goldman Sachs Group Inc. grew its holdings in shares of StoneX Group by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 225,711 shares of the company’s stock worth $17,240,000 after buying an additional 13,815 shares during the last quarter. United Services Automobile Association acquired a new position in StoneX Group in the 1st quarter valued at about $210,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in StoneX Group by 55.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 107,125 shares of the company’s stock valued at $8,182,000 after acquiring an additional 38,073 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

StoneX Group Company Profile

StoneX Group Inc (NASDAQ: SNEX) is a global financial services firm offering execution, risk management, advisory and post-trade solutions across commodities, currencies, securities and digital assets. The company serves commercial businesses, institutional clients and financial intermediaries, providing market access and tailored services designed to help clients manage price risk, optimize working capital and execute complex transactions.

StoneX operates through several core segments.